M&A
confidence high
sentiment neutral
materiality 0.85
BioSig Technologies signs LOI to merge with Streamex; Streamex stockholders to own 75% of combined company
Streamex Corp.
- Streamex stockholders receive 19.9% of BSGM common stock plus Series X convertible preferred, totaling 75% ownership on conversion.
- Board expands to 6 members: 4 designated by Streamex, 2 by BioSig; Karl McPhie becomes CEO, Morgan Lekstrom Chairman.
- Anthony Amato to resign as CEO; combined company to seek at least $5M equity capital after closing.
- Merger subject to due diligence, definitive agreements, Nasdaq and SEC approval; 60-day exclusivity period with break-up fee provisions.
- BioSig to hold special stockholder meeting to approve share issuance and related proposals.